Legal Opinion
Hirsch v. Vermont Department of Taxes
Supreme Court of Vermont
Decided August 11, 1995No. Nos. 94-229, 94-238, 94-295PublishedCited by 1 opinion
1Opinion of the CourtGibson, J.
In these consolidated appeals, we consider whether 32 V.S.A. § 5822, as it existed in 1989 through 1992, improperly taxed income earned on federal obligations. The Washington Superior Court concluded § 5822 impermissibly taxed such income and held the statute unconstitutional. We conclude that § 5822 as it existed during 1989 through 1992 violates 31 U.S.C. § 3124, which exempts United States stocks and obligations from state taxation with two exceptions not relevant here.
Vermont imposes an individual income tax based upon earned income during each tax year. See 32 V.S.A. § 5822. The tax is a…
2Cases cited10 opinions
- Reich v. CollinsSupreme Court of the United States · 1994
- American Bank & Trust Co. v. Dallas CountySupreme Court of the United States · 1983
- First National Bank of Atlanta v. Bartow County Board of Tax AssessorsSupreme Court of the United States · 1985
- Nebraska Department of Revenue v. LoewensteinSupreme Court of the United States · 1994
- Oxx v. Vermont Department of TaxesSupreme Court of Vermont · 1992
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3Cited by1 opinion
- Stone v. ErrecartSupreme Court of Vermont · 1996